Example of Escambia County Property Tax Calculation
Escambia County calculates property taxes based on the assessed value of the property. For example, if a property is assessed at $100,000, the tax rate for that year is 0.75%, and there are no exemptions, the property tax due would be $750.
To calculate property tax in Escambia County, you first need to determine the assessed value of your property. This value is determined by the property appraiser's office based on the market value of the property. Once you have this value, you can use the tax rate for that year, which is set by the county commission, to determine the amount of tax owed.
It's important to note that there are exemptions available that can lower the assessed value of your property and reduce your tax bill. These include homestead exemptions and exemptions for senior citizens or disabled individuals.
Overall, understanding how property taxes are calculated in Escambia County can help property owners plan their finances and budget accordingly.
If you want appeal your property tax assessment - contact your local tax assessor.
Escambia County Property Tax Rates
The following table lists the Escambia County Property Tax rates in a formatted manner, displaying the tax and corresponding rate per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.6895 |
| School District | $6.8100 |
| City of Pensacola | $4.2770 |
| City of Century | $0.0000 |
| City of Molino | $0.0000 |
Note: The rates listed above are for the year 2021 and are subject to change based on updates to the county's tax policies. It is recommended to consult with a tax professional for detailed and up-to-date information.
Who sets property tax rates in Escambia County ?
In Escambia County, property tax rates are set by the Board of County Commissioners on an annual basis. The rates are typically established during the budget process, which takes place each summer. The Board considers a range of factors when setting the rates, including the needs of the County, expected revenue from other sources, and the impact on taxpayers.
The property tax rates are expressed in terms of mills, which represent a tax of one dollar per thousand dollars of assessed value. In Escambia County, the current property tax rate is 15.8235 mills for unincorporated areas and 16.2323 mills for incorporated areas.
It's worth noting that property taxes in Escambia County are based on the assessed value of the property, which is determined by the Property Appraiser's Office. Property owners have the right to appeal their assessed value if they believe it is too high.
Overall, property tax rates in Escambia County are an important source of revenue for local government and are essential in funding a wide range of services and programs that benefit the community.
Homestead exemptions in Escambia County ?
To help homeowners in Escambia County, Florida reduce their property taxes, various Homestead exemptions and deductions are available. Here is a table with columns for exemption, eligibility, amount, and notes to help you understand these county-specific benefits.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Primary residence | Up to $50,000 | Applies to the assessed value of the property |
| Additional Exemption for Seniors | Age 65 or older & income below $30,174 | Up to $50,000 | Applies to the assessed value of the property |
| Additional Exemption for Service-Connected Total and Permanent Disability | Honorably discharged veteran with 100% service-connected disability & primary residence | Up to $50,000 | Applies to the assessed value of the property |
| Disability Exemption | Permanent Florida resident with a total and permanent disability & primary residence | Up to $500 | Applied to the assessed value of the property |
| Homestead Assessment Difference | State-approved revitalization area & primary residence | Varies | Applies to the assessed value of the property |
| Widow/Widower Exemption | Widow or widower & permanent Florida resident & primary residence | Up to $500 | Applied to the assessed value of the property |
It's important to note that additional requirements and documentation may be necessary to qualify for these exemptions and deductions. Homeowners in Escambia County should consult with the Property Appraiser's Office to determine eligibility and the application process.
By taking advantage of these benefits, homeowners can potentially save hundreds or even thousands of dollars on their property taxes each year.
When is Escambia County Property Tax due ?
Escambia County Property Tax is typically due on April 1st of each year. However, taxpayers are given a grace period until April 30th to make their payments. Below are the payment methods available:
| Payment Method | Details |
|---|---|
| Online | Payments can be made online through the Escambia County Property Appraiser's website using a credit card or e-check. |
| Payments can be mailed to the Escambia County Tax Collector's Office. | |
| In-person | Payments can be made in person at the Escambia County Tax Collector's Office, located at 213 Palafox Place in Pensacola, FL. |
It is important to note that payments made after April 30th will result in a penalty fee of 1.5% per month, or a fraction thereof. Therefore, it is recommended that taxpayers make their payments before the due date to avoid incurring additional fees.
If you have more questions - contact your local tax collector.
How is Escambia County Property Tax penalty calculated ?
Escambia County Property Tax Penalty Calculation
Escambia County imposes penalties on unpaid property taxes after the due date. The penalty rate is 1.5% per month or portion of the month until the tax is paid in full. The penalty is applied on the first day of the month after the due date.
Example:
Let's say John owns a property in Escambia County, Florida. The due date for the property tax is November 30th. John fails to pay the tax by the due date. The penalty will be calculated as follows:
| Month | Penalties |
|---|---|
| Dec | 1.5% |
| Jan | 3% |
| Feb | 4.5% |
| Mar | 6% |
| Apr | 7.5% |
If John pays the tax in full on April 15th, he will have to pay a penalty of 7.5% in addition to the actual property tax amount.
In summary, the penalty for unpaid property taxes in Escambia County is calculated at a rate of 1.5% per month or a portion of the month until the tax is paid in full. It is important to pay property taxes on time to avoid penalties and additional fees.
We recommend contacting the Escambia County Tax Office or a local tax professional for the most up-to-date and accurate information.